Real estate blog entries tagged with fha loans fha down payment fha lending fha seller concessions by Richard Smith FHA VA Rural Development in TN GA

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Home : Blogs : Richard Smith FHA VA Rural Development in TN GA : Richard's Real Estate Thoughts : Tag "fha loans fha down payment fha lending fha seller concessions"

fha loans fha down payment fha lending fha seller concessions: FHA Mortgages - more skin and more skin, FHA gets tough on skin - 12/14/09 09:13 AM

FHA continues to toughen its lending criteria. In January, new appraiser independence guidelines will take effect for FHA lending. FHA is adopting the language of HVCC. The goal is to separate loan origination from the appraisal. Banks will set up separate appraisal ordering processes for their internal originators and for their broker originators.
Coming soon FHA will change the approval process for lenders and correspondent/brokers. This change will give lenders more say over which mortgage brokers they accept. It will also increase the lender net worth requirement over 3 years. The new net worth requirement will be $2 million, with 20% … (5 comments)

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Richard Smith FHA VA Rural Development in TN GA

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